Summit Hotel Properties (NYSE:INN) Updates FY 2026 Earnings Guidance

Summit Hotel Properties (NYSE:INN) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 0.790-0.850 for the period, compared to the consensus earnings per share estimate of 0.740. The company issued revenue guidance of -.

Summit Hotel Properties Stock Down 2.6%

Shares of NYSE INN traded down $0.17 during trading on Friday, reaching $6.50. 299,072 shares of the stock were exchanged, compared to its average volume of 1,307,265. The company has a market capitalization of $704.91 million, a price-to-earnings ratio of -28.19 and a beta of 1.26. The business’s 50-day moving average price is $6.57 and its 200 day moving average price is $5.36. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.16. Summit Hotel Properties has a twelve month low of $3.97 and a twelve month high of $7.17.

Summit Hotel Properties (NYSE:INN) last released its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.05. The firm had revenue of $199.02 million for the quarter, compared to the consensus estimate of $198.41 million. Summit Hotel Properties had a negative net margin of 0.99% and a negative return on equity of 0.60%. Summit Hotel Properties has set its FY 2026 guidance at 0.790-0.850 EPS. As a group, equities analysts forecast that Summit Hotel Properties will post 0.75 EPS for the current fiscal year.

Summit Hotel Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $0.32 annualized dividend and a yield of 4.9%. Summit Hotel Properties’s dividend payout ratio is currently -139.13%.

Analyst Upgrades and Downgrades

INN has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Summit Hotel Properties from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Zacks Research raised Summit Hotel Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 22nd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $7.00 price target on shares of Summit Hotel Properties in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Summit Hotel Properties presently has a consensus rating of “Hold” and a consensus price target of $5.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Summit Hotel Properties during the third quarter valued at about $35,000. Corient Private Wealth LLC bought a new position in Summit Hotel Properties in the 4th quarter valued at about $52,000. CIBC Asset Management Inc acquired a new position in Summit Hotel Properties during the 4th quarter valued at about $52,000. Tower Research Capital LLC TRC raised its position in shares of Summit Hotel Properties by 148.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,793 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 6,442 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Summit Hotel Properties by 53.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 10,807 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 3,773 shares in the last quarter. 96.47% of the stock is owned by institutional investors and hedge funds.

Summit Hotel Properties Company Profile

Summit Hotel Properties is a real estate investment trust (REIT) that acquires, owns and operates branded select-service hotels and extended-stay properties across the United States. The company focuses on upper-midscale and upscale lodging segments, targeting established national brands to combine the operational efficiencies of limited-service properties with strong franchise affiliation.

The company’s portfolio comprises over thirty hotels carrying well-known flags such as Marriott, Hilton, Hyatt and IHG.